How do we start saving money? Here are the first savings checkpoints to aim for!
Use this 3-point list to check your savings foundations are secure, and direct you on the path to start to save money.
We use our 5-Pillars of Financial Stability as a framework anyone can apply!
As we walk through in the free sampler :
What’s your current savings status?
Are you a Saver / Spender type?
What are 3 practical savings strategies you currently have in place?
In our free samplers we mention references to aim for in the three areas above.
And Pillar 2. Savings gives more depth and ideas of how we might move forward in those areas.
Here’s what we share in the 10-minute free Savings sampler :
What’s your current savings status?
Aim for regular savings habit + 3-6 month emergency fund fully funded in cash, accessible by both parties in a relationship within 24hours of any REAL emergency.
Are you a Saver / Spender type?
Know your type and accept it to work with yourself and create a style that’s sustainable! Fighting our natural type goes in a frustrating and demotivating loop. Counterbalance your type : Savers might benefit from increasing education exposure to investing / Spenders may benefit from expense tracking.
(More tips in the video summary below and live broadcast on our youtube channel!)
What are 3 practical savings strategies you currently have in place?
Aim for 1. Monthly savings, 2. Build a 3-6 month emergency fund, 3. Keep going! This is the basic saving foundation we want to have in place to save money and have enough emergency fund to avoid falling into unexpected debt from typical emergencies.
Try the one-hour Pillar 2. Savings for more friendly / sisterly ideas on Savings tips, strategies and things I wish I’d known on my financial journey!
Tip : Apply the pillar actions for one week to feel the effect in your life!
More interested to know where to start budgeting / saving money on expenses in daily life?
If you’ve never budgeted before, try the Budgeting 10-min free sampler for insight on your current position and suggestions to move forward.
Or Pillar 3. Budgeting (1hr) for ideas to make first steps into budgeting easier, and help find a style that works for us.
Share this with someone who might like it!
(More tips in the video summary below and live broadcast on our youtube channel!)
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